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sales return eligibility

09 October 2018

ou productshelf life is 3 years... if we received saleable sales return pertaining to pre gst period... whether should we show the same in gstr1 or not?

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2 Replies

CA Sunil Kumar (Chartered Accountant) (4524 Points)
Replied 09 October 2018

Goods (on which taxes were paid under the previous regime) returned by a registered buyer will be treated as ‘Deemed Supply’. GST has to be paid on this by the person returning the goods.
The tax paid by the buyer will be allowed as input tax credit to the original seller of such goods.